Savings Accounts

Savings Accounts

Saving with Tandem can benefit both your pocket and the planet. Choose our Instant Access Saver for flexibility, or put your savings to work with a Fixed Saver, helping us lend to others transitioning to a greener car or home.

Instant Access Saver

3.65

% AER variable*

Fixed Savers

Up to

4.20

% AER*

Instant Access Saver

Earn interest on your money and still have access to it whenever you need.

24/7 access to your funds

Unlimited deposits and withdrawals

Variable interest rate

Explore Instant Access Saver

The Tandem App's smart phone screen displays an Instant Access Savings account, simplifying savings towards diverse financial goals.

3.65

% AER with Top Up (variable)

Fixed Saver

Secure a fixed interest rate by locking your money away for a fixed period of time.

No withdrawals during your term

14 days to fund your account

Guaranteed return over time

Explore Fixed Saver

The Tandem App showcases a Fixed Saver account on the smartphone screen, offering a secure path towards achieving specific financial goals.

Up to

4.20

% AER

Quick and easy

Open an account in as little as 5 minutes, whenever and wherever you like.

Competitive rates

Choose from a range of terms and access competitive interest rates.

Fast transfers

Transfer money directly from your UK current bank account, using Open Banking.

Fully digital

No branches, no unnecessary paperwork. Everything happens within our secure app.

Safe and secure

We're a fully regulated bank, so your money is protected up to £85,000 by the FSCS.

On hand support

Our UK-based customer service team are available via live chat, phone or email.

DID YOU KNOW

We focus our lending towards greener initiatives to help people reduce their carbon footprint.

With our customers' savings, we've already financed over £523m in home improvements, to make UK housing more energy efficient. Banking doesn't cost the earth with Tandem.

Find out how our energy saving products can help you save more than just money

Visit the Green Hub

FAQS

FAQs

Got a question?

We’ve got answers! Explore our most common savings questions, or head to our full FAQ page to find more.

Find more FAQs

Does applying for a savings account affect my credit score?

No, as we only carry out a soft check when you open a savings account with us, this does not impact your credit score.

Am I eligible to open a savings account with Tandem?

To open an account, you must:

Be at least 18 years’ old
A UK resident (including for tax purposes)
Have a current address in the UK
Hold a UK-based current account in your name

Does Tandem offer joint savings accounts?

No, at the moment Tandem savings accounts can only be opened in a sole name.

How does Tandem ensure my money is safe?

The savings you have with us are protected up to £85,000 by the Financial Services Compensation Scheme (“FSCS”), the UK’s Deposit Guarantee Scheme. So in the unlikely event of Tandem facing difficulties, the FSCS will compensate you if we are unable to pay back your money and as a minimum you would get your money back up to that limit. You can find out more about how the Deposit Guarantee Scheme works and how much of your savings are protected in the FSCS information sheet available in the Tandem app or by visiting fscs.org.uk